![]() At the same time, I was following the development of blockchain technology and saw its potential to revolutionize the industry,” she says. ![]() “Before starting Propy, I worked in the real estate industry for many years and saw firsthand the inefficiencies and limitations of traditional real estate transactions. Natalia Karayaneva, founder and CEO of Propy, a proptech company involved in crypto, NFTs and the Metaverse, got her start in the Metaverse through her background in both real estate and technology. For the few real estate professionals working within the Metaverse, despite whether they had a background in technology or not, they all advise that there are plenty of ways to learn and get started. While the Metaverse is still a fairly new technology, most people don’t necessarily know what it is, let alone have any understanding of buying/selling property within it. Here, industry professionals share how they got started in Meta real estate, their advice for others looking to test the waters, and where they feel the field is headed. ![]() Meta is still such a new technology, though, that it can be hard to understand and break out into its real estate field, and it can be even harder to predict what the future really has in store for it. There are already a few bleeding-edge brokerages working this space, so consider this the call to action to create a new designation to educate experts in this area.”Īdditionally, in the National Association of REALTORS®’ 2022 Technology Survey, 46% of respondents said that the Metaverse will definitely or probably have an impact on the industry. “Equally inevitable is that buyers of Metaverse real estate will seek professional help finding, valuing and purchasing. ![]() “No one can know which Metaverse(s) will become the de facto virtual real estate ‘world(s)’ of the future, but the uncontested fact is that virtual real estate will be built, offered for sale and purchased,” said Paine. In his commentary “ Your Peek Into the Future: 10 Things Guaranteed to Change Real Estate ,” Vice President of Industry Relations & Head of Brokerage for HouseCanary Cameron Paine shared his ideas regarding how real estate in the Metaverse will stand to turn the industry on its head. It’s predicted to become a strong factor of change not just for the virtual world, but for the real-life real estate industry as well. With land (even virtual), comes the housing market and real estate in the Metaverse is growing in prevalence. VR has grown substantially over the years, and the “Metaverse”- what’s described as the next iteration of the Internet as a single, universal, and immersive virtual world – has become a product of that. Editor’s Note: For more information on what Metaverse real estate is and how it works, see our past article “ Real Estate in the Metaverse: Where Virtual Meets Reality ”ĭespite many movie predictions on the future being wrong about where technology would be by 2023, as a society, we are growing closer to spending our lives in a fully digital world like the virtual reality (VR) universe out of “Ready Player One.”
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